36604
Mobile, Alabama

The 36604 ZIP code shows marginal momentum with a median sale price of $241,120 and year-over-year appreciation of just 0.5%, effectively tracking inflation rather than demonstrating real growth. Properties are averaging 110 days on market, which sits well above the typical 30-60 day threshold for balanced markets. Only 7% of homes are closing above list price, indicating buyers maintain negotiating leverage and sellers face limited competitive pressure on their listings.

This environment favors patient buyers who can capitalize on extended marketing periods and weak bidding competition. The 110-day absorption rate gives purchasers time to conduct thorough due diligence and negotiate price concessions without fear of losing properties to competing offers. Sellers and investors face challenging conditions, as the 0.5% annual appreciation barely covers transaction costs and the low above-list percentage signals difficulty in achieving premium exits.

The PropIQ score of 65 signals caution, suggesting underlying market fragility that warrants monitoring. With price growth stagnant at 0.5% and inventory moving slowly at 110 days, deterioration in employment data or mortgage rate increases could tip conditions toward price corrections. Buyers should track whether days-on-market extends beyond current levels, while potential sellers may face a narrowing window before market conditions potentially weaken further through 2026.